News

Ahmed Rostom, Minister of Planning and Economic Development, met with a high-level delegation of executives from Fitch Ratings to review the latest indicators of Egypt’s economic performance and discuss the government’s efforts to advance economic and structural reforms amid ongoing geopolitical and regional challenges. During the meeting, Rostom said the…

Water Resources and Irrigation Minister Hani Sewilam said Egypt relies on the Nile for 98% of its water resources originating outside its borders, calling for cooperation among Nile Basin countries based on international law and principles including no harm, prior notification, consultation and data sharing. Sewilam made the remarks during…

Egypt’sPrime Minister Mostafa Madbouly witnessed the signing of a tripartite framework agreement on Wednesday to settle an EGP 102.75bn historic debt owed to the National Investment Bank (NIB) by the General Organization for Industrial and Mining Projects.   The agreement was signed at the government headquarters in the New Administrative…

Egypt’s minister of investment and foreign trade discussed expansion and investment opportunities with six French and international companies in Paris, aiming to attract capital that adds value to the economy and connects Egyptian production to global value chains.   During the Egyptian-French Business Forum, Minister Mohamed Farid Saleh held talks…

The Egyptian Exchange (EGX) and the Abu Dhabi Securities Exchange (ADX) have signed a strategic memorandum of understanding (MoU) to enhance market integration, develop financial services, and boost international investment flows between Egypt and the United Arab Emirates.   The agreement was signed on the sidelines of the annual conference…

The Central Bank of Egypt (CBE) and the Central Bank of the United Arab Emirates (CBUAE) renewed the currency swap agreement between the UAE Dirham (AED) and the Egyptian Pound (EGP), during a signing ceremony held at the CBUAE headquarters on Tuesday, September 29, 2026. The swap agreement has a…

Egypt’s target of increasing annual textile and garment exports to $20bn by 2030 remains achievable, but reaching it will require a new strategy focused on accelerating export growth and integrating more Egyptian companies into global value and supply chains, said Mahmoud Ghazal, Member of the Textile Industries Chamber and Chairperson…

Innovo Build and Redcon Construction have formed a strategic alliance to execute infrastructure and contracting works for the DP03 East package at the Wadi Yam project in Ras El Hekma on Egypt’s North Coast, with the contract valued at more than EGP 12bn. The alliance secured the contract through a…

ORA Iraq has signed a contract with CRC Dorra for the construction works of Phase One of Madinat Al Ward, in the presence of ORA Chairperson Naguib Sawiris and Dorra Group Vice Chairperson Mohamed Dorra. The agreement marks a further step in the development of the project and reflects ORA’s…